Yorkshire-based company Bimsense has recently secured £750,000 in funding from NPIF – Mercia Equity Finance for its innovative building safety software.
The funding will support the development and expansion of its Operance tool, which is designed to assist high-risk building owners in evaluating safety measures and complying with the Building Safety Act.
The Building Safety Act, enacted in 2022 following the tragic Grenfell Tower fire in 2017, imposes new requirements on building owners to ensure the safety of their properties.
Bimsense’s Operance platform is the first of its kind, specifically tailored to help companies meet the Act’s requirements.
Maurice Disasi, investment manager at Mercia, expressed his belief that the Building Safety Act will drive the adoption of digital technology in the construction and property industry.
He stated, ‘Operance is the first platform that has been specifically designed to help firms meet the requirements of the Act.’
Bimsense estimates that there are approximately 13,000 high-risk properties across the country that need to comply with the new regulations.
As of last month, owners are now required to create a safety case report to demonstrate their adherence to the Building Safety Act.
Scott Pilgrim, chief product officer at Bimsense, emphasized the company’s commitment to innovation and supporting businesses in meeting the new building safety standards.
He stated, ‘Our Operance platform has been at the forefront of innovation, helping companies meet the requirements of the new building safety regime efficiently.’
Bimsense, based in Hull, launched Operance in 2020 with the initial investment from NPIF – Mercia Equity Finance.
The company experienced a 44% growth in turnover during its last financial year and plans to expand its team of 22 employees by adding six more in the next 12 months.